Financial Performance Evaluation of TIIC Limited

The Micro, Small and Medium Enterprises sector has emerged as a highly vital and influential part of the Indian economy in the last five decades. It has also warranted the necessity to upgrade their competencies in various fields like marketing, finance, business development, operations, technology advancement, large employment etc. Entrepreneurship is the backbone of financial progress and growth of entrepreneurship for every country is purely based on how government amenities motivate and provide appropriate business environment to the entrepreneurs. The Tamilnadu Industrial Investment Corporation Limited (TIIC) has offered dissimilar schemes for the upliftment and empowerment of the entrepreneurs. The financial crisis seems to have created an unsettled state since September 2008, a large number of financial institutions in the globe have been severely affected by this recent global recession. But Indian financial But Indian financial institutions including both the banking and non-banking institutions, due to their conservative approach, have not been much affected institutions including both the banking and non-banking institutions, due to their conservative approach.

Autorentext

Dr. V.Yuvarani is an Assistant Professor, PG and Research Department of Commerce, Salem Sowdeswari College, Salem, Tamilnadu. Her academic interest is Finance. Dr. M.Thamaraikannan is Professor and Head, PG & Research Department of Commerce, Sri Vasavi College, Erode. He has accomplished more than 25 years of academic and research experience